Report Sellers has added a new market research report “Global Molecular Diagnostics Market” to its offerings. The report is an in-depth market study providing accurate market insights including the latest trends, forecast, competitive insights, etc.
According to the report, the Global Molecular Diagnostics Market is expected to grow at a CAGR of 9.2% between 2016-2022.
Molecular diagnostics is used for detecting patients susceptibility to a disease by tests for detecting and characterizing pathogenic mutations in DNA and RNA samples. It is the most dynamic segment of the global in vitro diagnostics market, given the advantages of precise genetic information over traditional tests. Molecular diagnostics in healthcare has been disseminating around the world at a robust growth rate due its unique ability to unlock molecular information of patients.
In terms of market structure, molecular diagnostics industry is classified into three broad categories – clinical infectious disease, genomics and blood donor screening. The clinical infectious disease segment has two sub-segments: virology and bacteriology tests. The genomics segment is further sub-divided into genetic diseases and disorders, cancer testing, HLA testing, and pharmacogenetic testing. Infectious diseases are the largest segment of molecular diagnostics market.
Growth of the industry is fuelled by prevalence of reproductive infectious diseases such as Chlamydia and Gonorrhea, surge in various types of oncology diagnostics, ageing population and governments mandate on regular screening of HPV and CT/NG.
The report provides information on the current scenario, detailed market outlook of the molecular analysis market segments such as Infectious diseases with focus on Human Papilloma virus (HPV) in virology segment and Chlamydia and Gonorrhoea in bacteriology segment. Future forecasts on all prominent application areas of the industry till 2022 is also provided in the report. Furthermore, key industry players have been prudently analysed in the competitive landscape section of the report in order to provide key comparative insights.
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